article thumbnail

Enriching Education - Cost of College vs. Inflation

Motherhood Moments

MyElearningWorld recently released a new report showing that the cost of attending college is largely outpacing inflation - over 3x in the last 40 years. along with other notable findings: If the cost of going to college rose consistently with the U.S. The report includes graphs (feel free to use them!) Thanks for reading!

College 100
article thumbnail

How We’re Using Upromise to Save for College

Family Balance Sheet

Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. We want to assist them in financing their college years and we needed to make some progress.

College 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. How much debt did you pay off?

Debt 236
article thumbnail

Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. That means you have $300,000 in equity.

article thumbnail

Best Cash-Out Refinance Lenders of 2023

Savings Corner

Many people use the cash from a cash-out refinance to fund large-scale home improvements, education expenses or debt consolidation. Most lenders will require you to maintain at least 20% equity in your home. Pros of a cash-out refinance Potentially lower interest rate. Cash-out refinance rates tend to be higher than rates for purchase loans.

article thumbnail

Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

Repaying any debts Entrepreneurs often shoulder substantial debts, whether a business loan, credit lines or personal obligations incurred during the start-up phase. The proceeds from your life insurance policy can be used to repay these debts, ensuring that your family is not responsible for settling them.

article thumbnail

What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Here are some of the most common applications.

Debt 52